The black hole at the bottom of the Gulf
Some 33 days, nearly a billion dollars of expenditure, and umpteen official statements after the Deepwater Horizon oil rig blew up in the Gulf of Mexico – and the world is still none the wiser about how many millions of gallons of oil are leaking into the ocean every day, how much has already been discharged into the sea, and – more to the point – how this, maybe the world’s worst oil disaster … Read more on Independent
Oil company safety records: a black hole
Before you buy an oil stock, you can look at how it stacks up against its peers by pulling up the different companies’ earnings growth estimates. You can compare their debt loads, production rates, and dozens of arcane measures of performance. But there’s one crucial metric that you’ll be hard pressed to find: safety records.